How to Get Current
All OTC Pink companies are identified on www.otcmarkets.com as providing current information, limited information or no information by one of the following icons:
How to Provide More Information to Investors and Upgrade Your OTC Tier
Your company may provide disclosure to the marketplace through a selected U.S. regulatory agency (such as the SEC or a Banking regulator), a qualified foreign stock exchange or directly through the OTC Disclosure and News Service, offered by OTC Markets Group.
Upgrade to Limited Information:
- Subscribe to the OTC Disclosure and News Service.
- Post a disclosure document pursuant to the Guidelines for Providing Adequate Current Information for a period ending within the last six months. At a minimum, this must include a balance sheet, income statement, and total shares outstanding. Financial statements must be prepared in accordance with US GAAP, but are not required to be audited.
- OTC Markets Group will automatically be alerted to the posted disclosure and move the OTC Market Tier to Limited Information or contact the issuer for further information.
Upgrade to Current Information:
- Subscribe to the OTC Disclosure and News Service.
- Post an Initial Company Information and Disclosure Statement, pursuant to Section One of the Guidelines for Providing Adequate Current Information (PDF) through the OTC Disclosure and News Service. Complete financial statements from the most recent quarter end as well as from the prior two years must be included. Financial statements must be prepared in accordance with US GAAP, but are not required to be audited.
- Submit a signed Attorney Letter Agreement (first two pages of OTC Markets' Guidelines for Attorney Letters with Respect to Adequate Current Information).
- Post an Attorney Letter complying with OTC Markets' Guidelines for Attorney Letters with Respect to Adequate Current Information through the OTC Disclosure and News Service.
- OTC Markets will automatically be alerted to the posted Attorney Letter and within 3 to 5 business days and will:
- Confirm that a signed and dated Attorney Letter Agreement has been submitted
- Verify that company has met the requirements for Current Information
- Move the OTC Market Tier to Current Information or contact the issuer for further information.
Ongoing requirements for Current Information:
- Post subsequent Quarterly Reports pursuant to Section Two and Annual Reports pursuant to Section One of the Guidelines for Providing Adequate Current Information (PDF).
- Post an Attorney Letter for each period end.
- OTC Markets will automatically be alerted to the posted documents and will:
- Verify that the company has posted the required Quarterly Reports within 45 days following each quarter end and Annual Reports within 90 days following each fiscal year end. Companies will be downgraded to Limited Information if reports are not posted in this timeframe.
- Confirm that an Attorney Letter is posted for the period end. Companies are given an additional 30 days beyond the disclosure statement due date to post the Attorney Letter.
Financial Report Timeline for Maintaining Current Information (FY 12/31 Filers)
| Fiscal Period End Date | Report Type - Due Date |
| 12/31/2011 | Annual Report - 3/30/2012 Attorney Letter - 4/29/2012 |
|---|---|
| 3/31/2012 | Quarterly Report - 5/15/2012 Attorney Letter - 6/14/2012 |
| 6/30/2012 | Quarterly Report - 8/14/2012 Attorney Letter - 9/13/2012 |
| 9/30/2012 | Quarterly Report - 11/14/2012 Attorney Letter - 12/14/2012 |
| 12/31/2012 | Annual Report - 4/1/2013 Attorney Letter - 5/1/2013 |
*Companies following the Alternative Reporting Standard to maintain Current Information can file a Notification of Late Filing for an extension of 5 calendar days to file a Quarterly Report and 15 calendar days to file an Annual Report.
